Lords LB launches Baltic real estate fund

Lords LB Asset Management is launching the EUR 25 mln Baltic closed-end Real Estate (RE) investment fund - Lords LB Baltic Fund I.

The asset manager said the fund would allow institutional investors and wealthy private individuals to make non-direct investments into a wide range of large-scale real estate projects, normally unavailable to most regular private investors.

The term of the fund is five years with possible extension for up to two more years.

'The current economic situation in the Baltics creates very favourable conditions to acquire high-quality commercial property and to earn attractive returns from the changing value of real estate assets as a result of the general recovery of the Baltic economies, improving financial conditions and professional management of the acquired properties,' said Vykintas Misiunas, fund manager at Lords LB Asset Management.